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Dec 5, 2012
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good rally under way on hopes of a compromise on the fiscal cliff stalemate in washington. eamon javers standing by in a moment with information on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. right now the dow is up 110, near the highs of the day. 13,062.59. the nasdaq is going the other direction. blame apple and overall technology having a tough day. down 13 points right now on the nasdaq at 2982. the s&p is holding with a gain of about five points. we'll have more on the markets in a moment. first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest d
good rally under way on hopes of a compromise on the fiscal cliff stalemate in washington. eamon javers standing by in a moment with information on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk...
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Dec 12, 2012
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darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply extend its operation twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's balance sheet the same size. now, the fed may be ready to do a new stimulus dance. >> under twist, they've been purchasing $45 billion longer term treasuries while at the same time s
darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected....
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Dec 13, 2012
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the bottom line, charts aren't more powerful than the fiscal cliff, while we wait for washington to finish its game of deal or no deal, this market has hurdle jumping to do. if the s & p can break out above 1446, the pullback can be overcome and the entire market could levitate. that's what we need to see to get charts on our side, or brodin's version of them. i'm with her. cautious, wary, but opportunistic, all the same. after the break, i'll try to make you more money. >> coming up, last minute shopping? after almost doubling this year, shares of the gap have gapped down. for this mega name clothing retailer, now be gift wrapped just for you, or will cliff worries about locking in gains for the year soon make it come apart at the seams? cramer trying it on, just ahead. >>> and, later, engine of growth? the power outages that followed superstorm sandy gave many homeowners a wakeup call. as the rebuild continues, could an investment in engine company briggs & stratton plug you into a strong trend? cramer is speaking to the ceo to find out. all coming up on "mad money." >>> as we approach t
the bottom line, charts aren't more powerful than the fiscal cliff, while we wait for washington to finish its game of deal or no deal, this market has hurdle jumping to do. if the s & p can break out above 1446, the pullback can be overcome and the entire market could levitate. that's what we need to see to get charts on our side, or brodin's version of them. i'm with her. cautious, wary, but opportunistic, all the same. after the break, i'll try to make you more money. >> coming up,...
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abc's tahman bradley has that story from washington. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange
abc's tahman bradley has that story from washington. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs...
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Dec 5, 2012
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they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarth
they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard...
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Dec 7, 2012
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. >>> back here at home, as the fiscal cliff standoff continues in washington, the president took his plan out of town to northern virginia, where he sat down with a middle class family to talk about the potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking what would happen if your family had to pay another $2,200 next year in taxes? 100,000 people responded, including that northern virginia family that the president met with yesterday. they said $2,200 for them is a couple months' rent. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: the other big issue here on capitol hill, raising the debt limit. the president wants a new authority. mitch mcconnell filibustered his own bill. the senate minority leader filibustered
. >>> back here at home, as the fiscal cliff standoff continues in washington, the president took his plan out of town to northern virginia, where he sat down with a middle class family to talk about the potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking...
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Dec 11, 2012
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encroaching on the dreaded fiscal cliff, but a washington insider has a plan to get the u.s. budget back on track without tax hikes and way before simpson-bowles says they would do it. he says 2020. the former treasury secretary joining us live exclusively only here on fox business next. don't move. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questio and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's j
encroaching on the dreaded fiscal cliff, but a washington insider has a plan to get the u.s. budget back on track without tax hikes and way before simpson-bowles says they would do it. he says 2020. the former treasury secretary joining us live exclusively only here on fox business next. don't move. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like...
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Dec 8, 2012
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tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious
tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork...
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and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rarely hear about. the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last
and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do...
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investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks peo
investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported...
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. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discus
. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are...
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on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen. and if you wait around and climb this wall of worry, right, don't you sometimes miss out? >> i think you're right. and i think that we do expect something here this wednesday. and if we don't get that $45 billion a month program that actually creates money supply, i think you might see a little selloff. but i think it's priced in at this point. so i think we do have a big question mark here. but it may be answered this week. i think that's what traders are focused on. it's a big last three days after a quiet two days this week. >
on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen....
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Dec 13, 2012
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how will washington break the fiscal cliff stalemate? if they do, joining us from capitol hill, maxine waters, democrat from california. soon to be the ranking member of the house committee on fanl services. she will be succeeding representative barney frank as ranking member there as he retires. ms. waters, good to have you with us. >> thank you. delighted. >> i with a just asking aemon if he thought that tenor of the negotiations darkened over the last 48 hours with regard to the fiscal cliff. do you agree with that? >> i don't know. but i do know we haven't made any progress. from time to time, we've heard encouraging words but then the next day when it is time to report out what happened, nothing has happened. it does not appear that there have been any changeets, any progress has been made. so, as is being said, a moment ago. members of congress are prepared to be here during christmas holidays if we have to. >> when members go home for the weekend, back to their district, many traveling at taxpayer expense during this kind of envir
how will washington break the fiscal cliff stalemate? if they do, joining us from capitol hill, maxine waters, democrat from california. soon to be the ranking member of the house committee on fanl services. she will be succeeding representative barney frank as ranking member there as he retires. ms. waters, good to have you with us. >> thank you. delighted. >> i with a just asking aemon if he thought that tenor of the negotiations darkened over the last 48 hours with regard to the...
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a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of the united states or congress? caller: the people are being brainwashed to not speak up and get together like an tahrir square and rise up and say, we have to do it with this. we have to do away with destroying the country. we have to do away with $1 billion to a number of countries including israel. host: all right. we want to point out this from "usa today," in there opinion page. we are taking your calls for the next half hour or so on this segment. i want to point out a p
a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial...
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still ahead, secrets surrounding the fiscal cliff negotiations in washington. no one is talking -- secrets. many say it's a sign of progress. others say it should be out in the open. jeff sessions will weigh in, that next. >>> this is not your typical shopper. how this well-dressed little monkey ended up in ikea. >> a monkey in a coat. >> nice jacket. looks like a shearling. back in a moment. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> good morn
still ahead, secrets surrounding the fiscal cliff negotiations in washington. no one is talking -- secrets. many say it's a sign of progress. others say it should be out in the open. jeff sessions will weigh in, that next. >>> this is not your typical shopper. how this well-dressed little monkey ended up in ikea. >> a monkey in a coat. >> nice jacket. looks like a shearling. back in a moment. so, this board gives me rates for progressive direct and other car insurance...
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the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
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cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç<Ñlnh@Ñçú;ho>?úuú?úttz@z.ç@o@,npón=kí8+ñ<úpkxmz7p/pípçsúoÑ÷çpefo?÷hoo[.÷úvpop?mvñ-w?[ñ;÷oóñ8é>é?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;<ó@óp,wúÑ>vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes more stains than the 6 next leading pacs combined. pop in. stand out.president obama meeting with middle-class families to discuss how the fiscal clifton heard them while the gop is accusing the president of wanting to spend more taxpayer dollars he visited a high school english teacher in virginia to talk about how we $2,000 tax hike could hurt the middle class and make it difficult to pay rent and other necessities tax cuts passed during the bush administration will expire by the end of t
cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç?úuú?úttz@z.ç@o@,npón=kí8+ñé?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes...
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then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making
then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >>...
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washington politicians bicker over the fiscal cliff, very frustrating. at the end of the day we're going to look more like europe. my take on that is next. charles: wall street doesn't have to face tim cook. >> ruled this video tape back in the new year. this will be apple's those profitable quarter ever. rolled this case back. make fun of me later. i am saying it. of the one that was clayton morris in the last hour making a bold prediction of apple. the stock has been getting back but right now it is down a bit more, $6 lower at 11:40. let's check the overall market of 44 points putting the dow above 13,100. netflix shares up again. nicole: this is showing resiliency for netflix. this is a stock people thought would be to the downside based on what we heard. we heard they posted something on facebook, regulated, they are upset with them so we have regulators now warning netflix about exactly that, they can't just postings on facebook. they have to be disclosed properly. there are disclosure rules. the ceo is saying don't worry about it. we think this on
washington politicians bicker over the fiscal cliff, very frustrating. at the end of the day we're going to look more like europe. my take on that is next. charles: wall street doesn't have to face tim cook. >> ruled this video tape back in the new year. this will be apple's those profitable quarter ever. rolled this case back. make fun of me later. i am saying it. of the one that was clayton morris in the last hour making a bold prediction of apple. the stock has been getting back but...
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we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow. >> i'm maria bartiromo along with brian sullivan. representative patrick mchenry, republican from north carolina. good to have you on the program. thanks for joining us. let's talk about where we are. what would you say? where are we in terms of a deal? >> not as bad as last week and not as bad as the week before. not really in a great position to get things done. the president's more interested in campaigning around the country a
we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be...
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stake if the fiscal cliff isn't averted. the state could lose $4.5 billion in federal funds. the legislative analyst office estimates the budget may shrink by $11 billion over two years. >> people think the economy would be drawn into recession. just like any recession that would affect state economy, revenues and result in billions of less tax revenue for the state.@sh >> southern california could be hit hard. a loss of 135,000 jobs last year. another recession is the last thing they want. they're urnling leaders to come to an agreement. >> if it continues to slow as much as it is now, it's fine, if at all. >> because voter as prove td prop 30,i sales tax will go up one quarter of a percent. high wage earners will are to pay more. if the bush tax cuts are loued to expire, a typical family of four liability will go up another $2200 a year. >> eating and rent and bills and stuff? it's hard. >> no deal on avoiding the fiscal cliff means about 400,000 are set to lose their unemployment benefits extension. thousands of low inco
stake if the fiscal cliff isn't averted. the state could lose $4.5 billion in federal funds. the legislative analyst office estimates the budget may shrink by $11 billion over two years. >> people think the economy would be drawn into recession. just like any recession that would affect state economy, revenues and result in billions of less tax revenue for the state.@sh >> southern california could be hit hard. a loss of 135,000 jobs last year. another recession is the last thing...
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in washington, danielle nottingham, wjz eyewitness news. >> well, the official fiscal cliff deadline is december 31st. many on capitol hill say an agreement is needed buyer the before the end of this week. so that congress has time to vote. >>> president obama has not been sworn in for his second term yet. but the buzz in political circles has already turned to 2016. a new york times article says hillary clinton has almost limitless possibilities after she leaves her post as secretary of state. democrats across the board want her to run despite her admitted reluctance. a gallup poll shows 66% of people had a favorable opinion of clinton. >>> nelson mandela, hospitalized. what if anything, is wrong? >>> and it's unseasonably warm outside. but we have not seen any sunshine today. bob is updating your first warning forecast coming up. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...s
in washington, danielle nottingham, wjz eyewitness news. >> well, the official fiscal cliff deadline is december 31st. many on capitol hill say an agreement is needed buyer the before the end of this week. so that congress has time to vote. >>> president obama has not been sworn in for his second term yet. but the buzz in political circles has already turned to 2016. a new york times article says hillary clinton has almost limitless possibilities after she leaves her post as...
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, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the military, and funding for sch
, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week...
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the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very passionate about the things that brought me to the congress in the first place and i hope to continue to stay in that fight. so, i don't have any of those emotions of feeling like a negative feeling at all. >> are you in the same place? you were in a very close race. >> i guess a little bit different. the number one take away is the absolute privilege of being able to serve the 14 years that i served you can't help but look back and be really appreciatative that i had the opportunity to be here and make my mark. no doubt there is a grieving period when you lose an election, but i worked quickly through
the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very...
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be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of fiscal responsibility and reform was asked about the progress he thinks both sides were making. >> i think the atmospherics are getting so much better. we've kind of gotten out of the ka kooky theater and gone to dancing the tango with those two guys. any time you start to tango you got a chance. >> joining us this morning from newton, mass, greg manke, economic adviser to the romney campaign, former chair of economic advisers under george w. bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute
be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of...
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of course, everyone waiting on the fiscal cliff here in washington. have yourself a very merry christmas. they did a great job. tracy: we have to get that on air. ashley: great voice, also. thank you. see you in 15 minutes. tracy: president obama focusing on keeping the entire country from going over the fiscal cliff. one person directly asking the president for a bailout. gerri willis has the latest. gerri: she says they are owed. wayne county voted 75% for the president. listen to this. >> our people, overwhelmingly, supported the president. there ought to be a pro- flow. you exercise leadership on that. gerri: she went on to say that you go to washington and come back with the bacon. that is what you do, she says. [talking over each other] gerri: people have to watch this clip. tracy: it dumbfounded me that people in america think this way. ashley: she is basically saying they'll out the city. gerri: the city is in desperate financial trouble. worried they cannot make payroll this month. we will have the city council on the show tonight. in the bac
of course, everyone waiting on the fiscal cliff here in washington. have yourself a very merry christmas. they did a great job. tracy: we have to get that on air. ashley: great voice, also. thank you. see you in 15 minutes. tracy: president obama focusing on keeping the entire country from going over the fiscal cliff. one person directly asking the president for a bailout. gerri willis has the latest. gerri: she says they are owed. wayne county voted 75% for the president. listen to this....
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Dec 9, 2012
12/12
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WBAL
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all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character trying to end his recurring nightmare in "groundhog day." >> we musn't keep it waiting. >> he might be ok. chris: the worst movie analogy we could imagine ends badly for all concerned. let's hope and pray that thelma and louise are not boehner and obama. my own favorite clip is mount rushmore, "north by northwest," the hitchcock great with cary grant pursued by spies. the survival is never in doubt. not sure if that's true now. when we return, the hillary clinton for 2016 talk is ready to roar. scoops and predictions. chris: we just re-elected barack obama but the hillary for president talk is getting lou
all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character...
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. >> steve: washington can't find a solution to the fiscal cliff . but someone who fixed budgets in the past know it is simple. >> if i raise taxes again i will have to do it in two or four years . people are going to leave. >> steve: find out how america's mayor did it straight ahead. straight ahead. feel a cold coming on? gretchen, you will be better in no time. we'll drink to that. >> you will be better in no time and all of my teases will rhyme today. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: ho, ho, hompt look who is here today eric boling. >> gretchen: you get your own personal lurch. >> eric: good to be here. >> steve: you will find out how booze, beer and wine can make you healthier. the news we have all waited for. >> gretchen: yeah, a lot of people waking up with a headache. now it makes sense why i drank so much last night. overnight a developing story. a medical chopper went down last night leaving three people dead. the chopper which is reggistered to rock ford memorial hospital it went down in a field . e
. >> steve: washington can't find a solution to the fiscal cliff . but someone who fixed budgets in the past know it is simple. >> if i raise taxes again i will have to do it in two or four years . people are going to leave. >> steve: find out how america's mayor did it straight ahead. straight ahead. feel a cold coming on? gretchen, you will be better in no time. we'll drink to that. >> you will be better in no time and all of my teases will rhyme today. "fox and...
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. >>> still ahead, critical day of action ahead of the fiscal cliff, rallies planned for today in the bay area to send a message to washington. >>> fallout from that radio station stunt that preceded the suicide of a british nurse. we'll hear from the deejays. >>> new information about what hostess did to their employees' pension accounts in the weeks before the company's liquidation. >>> new report says china will soon out-rank the u.s. as leading economic power. china's economy growing at healthier pace forecasts by 2030, asia will surpass north america and europe combined of global power based on gross domestic product growth, investment in technology. >>> president obama will make his first comments later today in detroit on his one-on-one talks at the white house yesterday with house speaker boehner to dodge that fiscal cliff. yesterday's mattering was the first since election day. mr. obama is expected to reveal details when he speaks to auto work there's afternoon. >>> "wall street journal" reporting hostess used employee pension money to stay afloat as it sank deeper toward ba
. >>> still ahead, critical day of action ahead of the fiscal cliff, rallies planned for today in the bay area to send a message to washington. >>> fallout from that radio station stunt that preceded the suicide of a british nurse. we'll hear from the deejays. >>> new information about what hostess did to their employees' pension accounts in the weeks before the company's liquidation. >>> new report says china will soon out-rank the u.s. as leading economic...
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has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured him and when will the two of you sit down in around the world i don't think would be assured now sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt we'll discuss uncle sam's exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does this so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets in the big woods on them amounts to th
has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured him and when will the two of you sit down in around the world i don't think would be assured now sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars...
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. >>> to washington now. the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown districts. a lot of folks focused on this negotiation right now but the reality is that the negotiations are taking place among just a very few, very high level people. i was talking to a few rank and file members yesterday who said they were frustrated there is not a whole lot for them to do, they are just sitting around here waiting for some break-through in these negotiations. they want something to do on the floor, in their offices and there is not much for them to sink their teeth into. now they're going into their district. leadership is goi
. >>> to washington now. the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed...
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. >>> still ahead, critical day of action ahead of the fiscal cliff, rallies planned for today in the bay area to send a message to washington. >>> fallout from that radio station stunt that preceded the suicide of a british nurse. we'll hear from the deejays. >>> new information about what hostess did to their employees' pension accounts in the weeks before the company's liquidation. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up
. >>> still ahead, critical day of action ahead of the fiscal cliff, rallies planned for today in the bay area to send a message to washington. >>> fallout from that radio station stunt that preceded the suicide of a british nurse. we'll hear from the deejays. >>> new information about what hostess did to their employees' pension accounts in the weeks before the company's liquidation. [ female announcer ] this is a special message from at&t. [ male announcer ]...
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thanks to rg3, the fiscal cliff isn't all they're talking about in washington these days. they're also talking playoffs. cnn's brian todd has a closer look at the teams' rookie savior. >> reporter: nicknamed rg3, this 22-year-old has mesmerized the entire city, captured the hearts of football fans throughout the nation's capital. a 2011 heisman trophy winner from baylor and number two overall pick, rg3 is helping to instill a winning attitude as the redskins rebuild. >> accelerating, sliding down, lost the ball, into the hands of joshua morgan. >> reporter: he may be the only person who can actually unify washington. redskins rookie quarterback robert griffin iii. the phenomenon that is rg3 seems to be immuned to pressure. he took another step closer to an improbable playoff run by leading the redskins to their third consecutive win monday night over the defending super bowl champion new york giants. cnn spoke to him in may, shortly after he was drafted. >> it's not about, hey, we're a team that have only made it twice in the past 12 years in the playoffs. it's a team, we
thanks to rg3, the fiscal cliff isn't all they're talking about in washington these days. they're also talking playoffs. cnn's brian todd has a closer look at the teams' rookie savior. >> reporter: nicknamed rg3, this 22-year-old has mesmerized the entire city, captured the hearts of football fans throughout the nation's capital. a 2011 heisman trophy winner from baylor and number two overall pick, rg3 is helping to instill a winning attitude as the redskins rebuild. >>...
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paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is a good idea. >> if you look at the accounts of the negotiations of 2011 when you had boehner, mcconnell, nancy pelosi all in one ba bainer and the president who were on the phone meeting privately. they could go fwook their constituents and boehner could go to eric cantor and see what kind of deal they could get. but that was the dynamic that came the closest. >> they didn't have control of their parties basically right? does john boehner have more control? >> they think obama can get anything through the house of representatives. but everything that has happened since the election all of the moves in the republican caucus have been about boehner consolidating control over that tea party caucus that didn't allow boehner to get a deal in 2011. >> there will be some criticism about it being two people
paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is a good idea. >> if you look at the accounts of the negotiations of 2011 when you had boehner, mcconnell, nancy pelosi all in one ba bainer and the president who were on the phone meeting privately....
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could be here it's great to have you so let's start with this focus on the fiscal cliff because as i said you know sitting here in washington it's very much framed as a domestic debate but it is reverberate around the world you know people across the world read these headlines so for other countries sitting on reserves of u.s. dollar depending on the u.s. the solver and face to back the global monetary system what is the perception. well foreign central banks and governments clearly are watching closely but i think everybody needs to grow a distinction between what might happen on january first to the dollar and what could happen in the longer run i remind you that when we have the debt ceiling imbroglio in august of two thousand and eleven the dollar actually strengthened when lehman brothers failed in september two thousand and eight the dollar actually strengthened its safe haven currency and when there is a crisis even if we cause that are sold in the united states there tends to be flying toward the dollar rather than away and that could happen again at the beginning of next yea
could be here it's great to have you so let's start with this focus on the fiscal cliff because as i said you know sitting here in washington it's very much framed as a domestic debate but it is reverberate around the world you know people across the world read these headlines so for other countries sitting on reserves of u.s. dollar depending on the u.s. the solver and face to back the global monetary system what is the perception. well foreign central banks and governments clearly are...
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i think we have all of the fiscal cliff to death. fiscal could fatigue. fed up with tooling politicians. the holidays are upon us. so i am going to pass judgment on something entirely different. i'm going off the financial reservation. here is my take on tattoos. i hate them. i am contentious of them. they don't decorate the human body, the pilot. those judges should jump on the bandwagon are at best misguided. do you really think the 20 years from now you will still love sally heard johnnie? because that name is still buying to be on your arm or your back or ross you decide but it. i remember being in a whole food store. she was 20 at most. she was wearing a look at top from 20 yards away you could read the tattoo that spread all across her chest. it read begin. huge global letters. it will never go away. whether or not she ever it's a stake or eight again. why mark yourself alive tonight why put an ugly blotch understand? by the way, over time most tattoos eventually start to look like a bruise. for some reason the urge to markers of has become fashiona
i think we have all of the fiscal cliff to death. fiscal could fatigue. fed up with tooling politicians. the holidays are upon us. so i am going to pass judgment on something entirely different. i'm going off the financial reservation. here is my take on tattoos. i hate them. i am contentious of them. they don't decorate the human body, the pilot. those judges should jump on the bandwagon are at best misguided. do you really think the 20 years from now you will still love sally heard johnnie?...
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everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particu
everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think...
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FBC
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to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems -- mcdonald's, also a dow stock rising on news that sales rose 2.5% last month. that stock up just about 1% today. piper jaffray calling apple a $900 stock based on fundamentals. it may be, but it's got a ways to go after today, apple losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down on the day for a fifth straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping 11 cents, and we're looking
to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems --...